Odaily reports that OKX market data shows HYPE has dropped below 60 USDT, currently trading at 59.348 USDT, with a 24-hour decline of 18.04%.
Odaily reports that due to profit-taking in AI concept assets and a decline in market risk appetite, Bitcoin has fallen to around $62,000, down nearly 16% from its high of over $74,000 last week. Market analysts believe that if Bitcoin loses the $60,000 mark, its next key technical support level could be around $55,000. Additionally, U.S. spot Bitcoin ETFs have recorded net outflows for 15 consecutive trading days, totaling over $4.7 billion. Meanwhile, Strategy disclosed this week that it has sold Bitcoin for the first time since 2022, which has also dampened market expectations for institutional buying.
Odaily Odaily reports that the new stock god Serenity posted on Platform X, saying that today they conducted swing trading to buy IBIT and ETHA at Bitcoin $62,000 and Ethereum $1,750, emphasizing that this operation is a short-term swing trade, not a long-term hold.
Serenity pointed out that although they focus on swing trading, the market price decline still negatively impacts related stocks such as Robinhood (HOOD) and Coinbase (COIN).
Odaily reported that Peter Schiff, a well-known gold bug and cryptocurrency critic, posted on X: "Most STRC investors may end up losing most of their money. Once Michael Saylor is forced to cancel the dividend payments, the price of STRC will eventually crash. When that happens, a wave of lawsuits is likely to further exacerbate the problems facing Strategy (MSTR). Investors who suffer losses due to misleading promotions are expected to seek compensation through legal channels to recover their investment losses."
Odaily reported that according to monitoring by crypto analyst Ai Yi @ai_9684xtpa, trader Jason60704294 has closed his BTC long position at a stop loss near $66,000.
Based on different position sizes, if his actual holding is the previously disclosed 281.789 BTC long position (valued at approximately $19.09 million), the loss from this trade is about $500,000; if his actual position is 3,076.88 BTC (valued at approximately $208 million), the stop-loss loss from this trade is approximately $5.467 million.
Odaily reports that according to CoinGlass data, the total amount of liquidations across the network in the past hour reached $192 million. Among them, long position liquidations amounted to $185 million, while short position liquidations totaled $6.995 million. The largest single liquidation occurred on the HTX platform for the BTC-USDT trading pair, amounting to approximately $59.6723 million.
Odaily News, according to Onchain Lens monitoring, as the Bitcoin price fell below $63,000, the floating loss on the 5x BTC long position of whale Garrett Jin (the proxy of the “1011 Insider Whale”) has now exceeded $17 million.
Odaily Odaily reports that according to on-chain analyst Yu Jin @EmberCN's monitoring, crypto asset management firm Abraxas Capital has sold a cumulative total of 2,469 BTC (approximately $166 million) over the past day or so, at an average price of approximately $67,210.
Specifically, the firm transferred 1,469 BTC (approximately $98.45 million) to the Kraken exchange before withdrawing 22,710,000 USDC.
Odaily reported that Strategy’s preferred stock STRC has fallen below $95, currently trading at $94.65, with a 24-hour decline of 2.13%, “decoupling” over 5% from the target price of $100.
Odaily Planet Daily News, June 3rd, according to SoSoValue data, the crypto market suffered a significant downturn, with a broad decline of approximately 2% to 6% over 24 hours. Bitcoin (BTC) fell 6.03%, dropping below $67,000; Ethereum (ETH) declined 6.52%, falling below $1,900. The AI sector dropped 6.06%, with Bittensor (TAO) and Worldcoin (WLD) falling 7.67% and 8.17%, respectively. Only the RWA sector bucked the trend, rising 3.48% in 24 hours, with Ondo Finance (ONDO) surging 11.33% and Plume (PLUME) increasing 3.63%.
In other sectors, the DeFi sector fell 4.35% in 24 hours, where DeXe (DEXE) remained relatively resilient, gaining 23.08%; the Layer1 sector dropped 4.35%, with Zcash (ZEC) rallying 15.34% during the session; the CeFi sector declined 4.84%, with Binance Coin (BNB) falling 5.36%; the PayFi sector slipped 5.09%, with Litecoin (LTC) down 5.60%; the Layer2 sector decreased 5.14%, with Arbitrum (ARB) falling 8.64%; and the Meme sector dropped 5.29%, with Binance Life climbing 13.92% intraday.
Reflecting historical sector performance, the crypto sector index shows the ssiRWA index rose 3.08%, while the ssiLayer1 and ssiAI indices fell 5.79% and 6.53%, respectively.
